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Compass dismisses antitrust lawsuit against Zillow over listing policy

Brokerage, Clear Cooperation, Compass, HWmember, Legal, Real Estate, Robert Reffkin, Zillow /

Compass is dismissing its antitrust lawsuit against Zillow over the listing portal giant’s listing access standards policy. The Robert Reffkin-helmed firm filed its motion to dismiss the lawsuit without prejudice, meaning that Compass could file another lawsuit against Zillow with similar claims in the future, in U.S. District Court for the Southern District of New […]

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Trump’s mortgage order sets stage for regulatory shift, draws consumer backlash

Community Bank, Consumer Financial Protection Bureau, HWmember, IMBs, LendingLife, Mortgage, Origination, Regulatory, Regulatory Compliance, Trump administration /

President Donald Trump’s executive order targeting mortgages addresses several concerns raised by banks and nonbanks, which have largely welcomed it as a road map for regulatory change. But it’s also receiving pushback from consumer advocates. Friday’s order on “promoting access to mortgage credit” aims to boost lending by community banks (with less than $30 billion

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Fed holds rates, officials signal wait and see on inflation risks

Federal Reserve, Housing Market, HWmember, Inflation, Jerome Powell, Monetary policy, Mortgage Rates, Regulatory, Unemployment /

In a widely expected move, the Federal Reserve held its benchmark interest rate steady Wednesday at a target range of 3.5% to 3.75%, the same level it set in January. “Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has been little

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Anywhere’s Sue Yannaccone named Compass International Holdings COO

Anywhere, Brokerage, Compass, HWmember, People Movers, Real Estate /

Compass International Holdings (CIH), the parent company of Compass, @properties, Christie’s International Real Estate and the six Anywhere Real Estate brands, has promoted Sue Yannaccone to chief operations officer, according to an announcement on Wednesday. Yannaccone’s promotion comes a little over two months after Compass closed its $1.6 billion acquisition of Anywhere. Yannaccone most recently

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CrossCountry Mortgage to strengthen footprint with Summit M&A deal

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Retail Lending /

Cleveland-based CrossCountry Mortgage (CCM) has struck a deal to acquire Summit Funding, broadening its geographic reach, the companies announced Wednesday. Financial terms of the transaction were not disclosed. “In 2025, we financed 1 in 35 homes sold nationwide, ranking as the No. 1 retail mortgage lender,” Ron Leonhardt, founder and CEO, told HousingWire. “This acquisition

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Fannie Mae, Freddie Mac revise condo insurance standards

Affordability, Fannie Mae, FHFA, Freddie Mac, GSEs, Homeowners insurance, HWmember, Mortgage, Regulatory /

Fannie Mae and Freddie Mac on Wednesday announced updates to condominium project standards and property insurance requirements for one- to four-unit properties and project developments, with a stated goal of reducing costs for homeowners. “We are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” Bill Pulte, director of the

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The industry’s quiet first line of defense

Contributors, HWmember, Mortgage Fraud, Opinion, Real Estate Fraud, Technology, Title, Wire Fraud /

Most professions get credit for what people can see them do. A surgeon’s skill is visible in the outcome. The engineer’s work shows up in the bridge that holds. In real estate, the closing table tends to get all the attention, from the signatures and the handshakes to the transfer of keys. What doesn’t get

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Offerpad targets 1,000 quarterly transactions with AI platforms SCOUT, HENRY

Artificial Intelligence, HWmember, iBuying, OfferPad, Real Estate, Technology /

Offerpad is welcoming two new team members to the company: SCOUT and HENRY. The new hires, which were announced Wednesday, are two internally developed artificial intelligence platforms.  Together, Offerpad says these platforms create an “intelligent operating architecture” that covers the full home transaction process. The company said the platforms will help enhance customer engagement, improve

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Older Americans maintain record share of housing wealth

Baby Boomer, Home Equity, Homeownership, Housing Market, HWmember, Mortgage, Mortgage Rates, Redfin, Reverse /

Older Americans now hold as much real estate wealth as middle-aged homeowners, illustrating the widening gaps in homeownership access and long-term home price gains. An analysis from Redfin, based on data from the Federal Reserve Board, found that Americans ages 70 and older controlled roughly 26% of the nation’s $48 trillion in real estate wealth

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Finance of America expands HomeSafe Second reverse mortgage to three more states

Finance of America, HELOC, Home Equity, HWmember, Mortgage, Retirement, Reverse, Reverse Mortgage Daily /

Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday. Reintroduced in 2023 as what the company called the industry’s first second-lien reverse mortgage,

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